Less money supply
What will be an ideal response?
higher interest rate
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Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . If Samantha is offered a full coverage insurance policy for her house at $2000, would she buy the insurance?
a. Yes because she gets to now enjoy her wealth risk-free b. No, because she can take the risk and be better off c. Yes, because she gains on average with the insurance d. Both A&C
M1 money includes all the following except
a. traveler's checks b. demand deposits c. savings accounts d. paper money e. coins
Discuss and contrast the advantages and disadvantages of public highways versus toll roads.
What will be an ideal response?
In this graph, which of the following shows that profits have been eliminated in the long run?
a. The MC curve is tangent with the MRLR
b. The ATC curve is tangent with DLR
c. The MC curve crosses DLR
d. The MC curve crosses ATC curve